The auction will be held at the Leroy & Miriam Burkholder farm located at 7945 Fredericksburg Rd. Fredericksburg, OH. The Burkholder farm joins the Grosjean Farm to the south.

SAT. NOV. 11, 2017

10:00 AM

REAL ESTATE: PRIME LOCATION – The portion of the Grosjean farm that we are selling lies in the SW corner of the intersection of Fredericksburg Rd. (CR 501) and Moreland Rd. (CR 77). The farm has been in the Grosjean family for three generations. After considerable and careful consideration of various family situations the decision has been made to disperse the land on the west side of Fredericksburg Rd. The auction will represent outstanding opportunities for potential buyers in Franklin Twp.

Parcel # 1: The old farmstead featuring the two story farm house, large bank barn, and various other outbuildings situated on 17.4 Acres of land w/over 2000’ of frontage on Fredericksburg Rd. The old farmhouse has four BR’s and a bath upstairs. The first floor has six rooms to include kitchen & laundry plus a bath. The buildings are rough and all need various amounts of TLC but most can be resurrected. The land is approximately half pasture and half tillable.

Parcel #2: 10.3 Acres of rolling Pasture joining parcel #1 to the south with 551 Ft. of frontage on Fredericksburg Rd.

Parcel #3: Good solid 3 BR brick ranch home and detached 2 car garage on3.8 acres of land w/219 Ft. of frontage on Fredericksburg Rd. The home features a full walk-out basement and large covered front porch plus an in-ground swimming pool. Other pertinent facts – vinyl replacement windows, updated fuel oil F/A heat, central A/C, and an automatic whole house generator (propane).

Parcel #4: 5.0 Acres of vacant land w/257 Ft. of frontage on Fredericksburg Rd. that joins Parcel #3 to the south

Parcel #6: 20.9 Acres of level to gently rolling open tillable land with 30’ of frontage on Moreland Rd. that joins Parcel 1 to the west, Parcel 5 to the north and parcels 7 – 10 to the south.

Parcels 7 – 10: All of these are 6 Acre parcels with 267 – 271 Ft. of frontage on Moreland Rd. and join Parcel 6 to the north. They are all upland parcels on a gentle north slope.

NATURAL GAS IS AVAILABLE TO ALL PARCELS

DEED RESTRICTIONS: All parcels will be deed restricted as follows. No large chicken, swine, or cattle confinement feeding barns – No Mobile Homes – Modular Homes must be on permanent foundations.

TERMS: We require a non-refundable down payment of 10% of the purchase price at the close of the auction with the balance due in full at closing within 45 – 60 days. There are no financing contingencies. There is a 3% buyer’s premium in effect for this auction. There will be no survey charge to the buyer and no charge for soil evaluation & septic plot plans.

TITLE: The sellers will provide a warranty deed and certificate of title at their expense and will offer to split the fee for an owner’s policy of title insurance.

MINERAL RIGHTS: All mineral rights owned by the sellers transfer to the buyers subject to any leases of record. There is a producing oil and gas well on parcel #2. The production is minimal.

TAXES: The taxes on this farm will be pro-rated to the day of closing. The tax amount for the new parcels will be determined after closing. The buyer will be responsible for any tax CAUV tax recoupment for parcels that no longer qualify for the CAUV reduction. The CAUV recoupment amounts will be posted by sale time.

POSSESSION: Immediate possession will be given at closing with the current land tenant having the right to harvest the growing crop if not harvested by closing.

METHOD: The parcels will be offered individually and in combination and sell the way they bring the most.

GROSJEAN FARMS LLC, OWNER

Janie Grosjean, Operating Officer

Auction Conducted By:

SETH ANDREWS, BROKER JON MAST – AUCTION MGR.

330-466-5471 330-763-3883

ASSISTING AUCTIONEERS – JOSEPH MAST – ANDY WHITE – DREW TURNER

OPEN HOUSE: The two homes and buildings will be open for inspection on Saturday, October 28th from 11:00 to 2:00 PM. Other showings are available by appointment. Call Steve Andrews @ 330-465-8498 – Seth Andrews @ 330-466-5471 or RES Auction Services @ 330-674-7610. The tillable land is planted to corn and beans – please respect the crop. Feel free to walk the harvested areas.